Canadian vertical farming systems developer Inno-3B has completed its first seed round of financing at nearly C$6 million ($4.45m).
Located in Quebec and Ontario, the company provides turnkey vertical farming systems for a variety of customers, from researchers, biotechnologists, and small-scale farmers, to regional and multinational producers.
iBio uses highly automated indoor farming methods to manufacture pharmaceutical drugs and, according to Barry Holtz, president, it already has much of the technology that today’s food-growing indoor farms are just starting to develop.
The proclaimed dominance of technology over biology by this category of entrepreneurs has left some food safety experts concerned that consumers could be getting the wrong idea and startups may be drinking their own kool-aid.
We caught up with Eri Hayashi, director of International Relations & Consulting of the Japan Plant Factory Association (JPFA), a non-profit organization devoted to academic and business advancements in Japan's indoor ag industry.
Indoor farming software startup Agrilyst has raised an undisclosed strategic round, bringing in new investors with the aim of expanding the scope of its product offering and entering the Chinese market.